Jan 30 (Reuters) - Parker-Hannifin PH.N on Thursday posted a quarterly profit that surpassed estimates, driven by higher demand for its aircraft parts and components, sending its shares up 6% in morning trade.
Faced with a jet shortage amid strong travel demand, airlines have resorted to flying older, maintenance-intensive aircraft, boosting the need for replacement parts.
Meanwhile, despite supply chain issues, increased production efforts by plane manufacturers are benefiting parts suppliers like Parker, who are seeing a surge in orders.
Parker, which supplies airframes and engine components to Boeing BA.N and Airbus AIR.PA, posted a second-quarter adjusted profit per share of $6.53, surpassing analysts' average estimate of $6.23, according to data compiled by LSEG.
The company, however, marginally tightened its 2025 adjusted profit forecast range to between $26.40 and $27.00 per share, citing a delay in industrial recovery and currency headwinds.
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Vijay Kishore)
((UtkarshUmesh.Shetti@thomsonreuters.com;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。